The Greedy Trader Weekly Analysis
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Quarterly Pattern:Rising Channel
Number of records: 5
Symbol:  

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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
AbbVie
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Summary:
Weekly :Overbought sectorPrice is near the Fibonacci 23.6% retracement level
Daily :Lane's Stochastic is overboughtStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week after 5 consecutive negative weeks for the AbbVie (ABBV). During the week, the ABBV gained 9.23 points, or 11.60%, and closed at 88.79 on Friday, November 09, 2018. Weekly volume was 41% above average.

ABBV is a member of Healthcare Sector. Healthcare is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ABBV long-term trend chart]
A long-term uptrend had started on October 22, 2015 at 45.45 and reached 125.86 on January 26, 2018. ABBV gained -80.41 points, or -176.92%, in 118 weeks. The price is now at the 46.10% retracement level.

Medium-term trend: [See ABBV medium-term trend chart]
A medium-term downtrend had started on January 26, 2018 at 125.86 and reached 77.50 on November 1, 2018. ABBV lost 48.36 points, or 38.42%, in 39 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See ABBV weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 16, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See ABBV short-term trend chart]
A short-term uptrend had started on November 1, 2018 at 77.50 and reached 89.71 on November 8, 2018. ABBV gained -12.21 points, or -15.75%, in 7 days. The price is now at the 7.53% retracement level.

Daily Technical Indicators: [See ABBV daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.08
Williams' Percentage Range (W%R) 30.70
Lane's Stochastic (%D-Slow) 87.20
Overbought
Greed/Fear Indicator (GFI) 71.85
Moving Average Converg./Diverg. (MACD) -2.59
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.30
Williams' Percentage Range (W%R) 54.50
Lane's Stochastic (%D-Slow) 20.45
Greed/Fear Indicator (GFI) 36.44
Moving Average Converg./Diverg. (MACD) -1.91
Trading Signals
Description Value Chart
Upper Bollinger Band 94.21
50 Day Moving Average 90.16
Price 88.79
Daily Stochastic Crossing 88.57
20 Day Moving Average 84.53
Weekly Stochastic Crossing 81.04
Parabolic System 80.99
Lower Bollinger Band 76.95
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Drug Manufacturers/Major 133
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 77.50
Low Date 11/01/2018
High 89.71
High Date 11/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 96.60
High Date 10/03/2018
Low 77.50
Low Date 11/01/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 100.23
High Date 08/20/2018
Low 77.50
Low Date 11/01/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 125.86
High Date 01/26/2018
Low 77.50
Low Date 11/01/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.45
Low Date 10/22/2015
High 125.86
High Date 01/26/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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